Barilla has agreed to sell Kamps, a German bakery chain, to ECM Capital Management. No financial terms were disclosed. www.ecm-pe.de
North American Breweries Inc., a portfolio company of KPS Capital Partners, has acquired Independent Brewers United Inc., a craft brewer responsible for the Magic Hat brand. No financial terms were disclosed.
The Coding Source LLC, a Los Angeles-based provider of clinical coding, audit and compliances services to health plans and healthcare providers, has secured an undisclosed amount of growth equity funding from Parthenon Capital.
LOS ANGELES (Reuters) – Bookseller Barnes & Noble Inc (BKS.N) is in talks with Ronald Burkle’s investment firm to end the billionaire’s lawsuit and avoid a potential fight over the company’s board, a source with knowledge of the talks told Reuters late Wednesday. A settlement could be announced soon, possibly within the next 24 hours, […]
AEA Investors announced that it has acquired a stake in Shoes for Crews, a provider of, from Advent International and the Smith family. No financial terms were disclosed. peHUB had previously reported on the deal. PRESS RELEASE Shoes For Crews, LLC, the global leader in slip-resistant footwear for the restaurant and hospitality industries, announced today […]
AMSTERDAM/DUSSELDORF (Reuters) – Germany’s RWE (RWEG.DE), Europe’s fifth-largest utility, said it has launched an auction process for the sale of its gas transmission network Thyssengas. Confirming an earlier Reuters report, RWE, which has to sell the business by March 2011 after settling an EU antitrust investigation, said it was expecting expressions of interest for the […]
Fortress Investment Group became the latest private equity shop to buy a piece of AIG. Today, Fortress inked a deal to acquire 80% of American General Finance, with AIG keeping the remainder. Evansville, Ind.-based American General provides loans, like mortgages and personal lines of credit, to consumers in the U.S. and Britain. AGF has about $20 billion in assets, including $18 billion in liabilities (this itself includes $17 billion in debt).
Aurora Capital Group has acquired a majority stake in Lexington Precision Corp., a New York-based maker of tight-tolerance rubber components. No financial terms were disclosed. Lexington emerged from Chapter 11 bankruptcy protection at the end of last month.
Avenue Capital Group and Oaktree Capital Management have agreed to acquire the assets of Sea Island Acquisition, a bankrupt private resort and real estate development company. No financial terms were disclosed.
LONDON (Reuters) – British public services outsourcing firm Tribal Plc (TRBG.L) said on Wednesday it had received bid approaches and sought to assure investors it could mitigate spending cuts by helping the government make savings. Tribal, which works with government departments, hospitals and schools, said on Wednesday: “Tribal notes the recent press speculation and confirms […]